POL (Polygon) ($POL) Crypto Forecast: Down 5.4% Today

What is POL (Polygon)?

POL is a cryptocurrency token that operates on the Polygon network, known for its scalability and low-cost transactions. The overall cryptocurrency market has been volatile recently, with investors closely monitoring various tokens for potential price movements.

Why is POL (Polygon) going down?

POL crypto is down 5.4% on May 30, 2025 0:56

• The bearish movement in POL today could be attributed to the uncertainty surrounding the project after the exit of one of its co-founders. Investor confidence may have been shaken, leading to a sell-off of the token.
• The repeated mention of a potential price crash could have added to the panic selling, exacerbating the downward pressure on POL.
• Traders might be adopting a cautious approach, waiting to see how the project navigates this period of transition before re-entering the market, contributing to the bearish trend.

POL Price Chart

POL Technical Analysis

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Will Polygon Price Crash $0.19 After Co Founder Exit: What Next?

Will Polygon Price Crash $0.19 After Co Founder Exit: What Next?

https://www.coingabbar.com/en/crypto-currency-news/polygon-price-crash-after-cofounder-exit

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POL (Polygon) Price History

24.03.2025 - POL Crypto was up 10.9%

• The bullish movement of POL can be attributed to Polygon's new aggregator program, which incentivizes projects to airdrop up to 15% of their native tokens to POL stakers, creating a positive sentiment among investors.
• The 20 Performance Update showing POL rising 7.5% further fueled bullish momentum, indicating strong market interest and potential for further price growth.
• Despite the IMF raising recession odds to 40%, the positive performance of stocks and Bitcoin, along with POL's explosive movement, suggests that investors are currently favoring high-growth assets like cryptocurrencies over traditional markets.
• The overwhelming control of bulls in the POL market indicates a high level of confidence and buying pressure, driving the token's price higher as traders anticipate further gains.

09.04.2025 - POL Crypto was up 14.7%

• The bullish movement of POL today can be attributed to the overall positive sentiment in the cryptocurrency market, driven by various factors:
• Speculation around Polygon's future price reaching $1 in 2025 due to its wide volatility range may have attracted more investors to the token.
• The endorsement of Bitcoin by NFL legend Tom Brady, known for his "Laser Eyes" stance, could have indirectly boosted confidence in cryptocurrencies, including POL.
• Certain tokens faced suspension of deposits and withdrawals ahead of the Ethereum upgrade, which may have redirected investor focus towards tokens like POL that are not affected by the suspension.
• The shift of investors from tokens like SUI and POL to Codename:Pepe could have led to a reallocation of funds into POL, driving up its price.

01.04.2025 - POL Crypto was up 5.7%

• The bullish movement of POL today can be attributed to the positive market sentiment driven by the news of Polygon eyeing a 2x upsurge from a broadening wedge pattern, indicating potential growth and profitability.
• The debut of the tokenized Apollo Credit Fund in the DeFi space with a levered-yield strategy could have also contributed to the bullish trend, attracting more investors to the cryptocurrency market.
• The speculation around a possible conflict between nuclear-armed India and Pakistan might have led investors to seek refuge in cryptocurrencies like POL, considering them as a hedge against geopolitical uncertainties.
• Overall, the combination of positive technical indicators, new DeFi opportunities, and geopolitical tensions could have fueled the bullish movement of POL today.

08.04.2025 - POL Crypto was up 14.6%

• The bullish movement of POL today can be attributed to the positive sentiment surrounding the cryptocurrency, fueled by predictions of its price surging above $1 again.
• The suspension of deposits and withdrawals for certain tokens by a major exchange ahead of the Ethereum upgrade may have also contributed to investors shifting their focus towards assets like POL.
• Additionally, the mention of NFL legend Tom Brady showing support for Bitcoin with 'laser eyes' could have further boosted confidence in the overall cryptocurrency market, leading to increased investment in tokens like POL.
• The rotation of investors from other tokens like SUI into POL indicates a growing interest and confidence in the potential growth of POL within the crypto space.

08.04.2025 - POL Crypto was up 5.0%

• Tom Brady's endorsement of Bitcoin with 'laser eyes' may have boosted overall market sentiment towards cryptocurrencies, including POL.
• Binance's decision to suspend deposits and withdrawals for certain tokens ahead of the Ethereum upgrade could have led investors to shift their focus to tokens like POL.
• The rotation of investors from SUI and POL into Codename:Pepe might have created a domino effect, positively impacting POL's price.
• The bullish prediction for Polygon (MATIC) might have created a ripple effect in the crypto market, benefiting tokens like POL as well.

30.04.2025 - POL Crypto was down 5.4%

• The bearish movement in POL today could be attributed to the uncertainty surrounding the project after the exit of one of its co-founders. Investor confidence may have been shaken, leading to a sell-off of the token.
• The repeated mention of a potential price crash could have added to the panic selling, exacerbating the downward pressure on POL.
• Traders might be adopting a cautious approach, waiting to see how the project navigates this period of transition before re-entering the market, contributing to the bearish trend.

01.04.2025 - POL Crypto was up 5.1%

• The bullish movement of POL today can be attributed to the positive market sentiment towards decentralized finance projects, especially with the launch of the Tokenized Apollo Credit Fund on DeFi platforms like Securitize and Gauntlet.
• Geopolitical tensions between nuclear-armed India and Pakistan may have also played a role in driving investors towards POL as a safe-haven asset in times of uncertainty.
• Additionally, technical analysis indicating a potential 2x upsurge for Polygon, a related cryptocurrency, could have positively influenced the price action of POL as well.
• The price slash of BlockDAG and the optimistic outlook for Kaspa's token might have indirectly boosted confidence in the broader cryptocurrency market, including POL, leading to its bullish movement.

27.03.2025 - POL Crypto was down 5.3%

• The bearish movement of POL today is linked to market sentiment and profit-taking by traders.
• The recent price slash by BlockDAG and upcoming major news might have diverted some investor attention away from POL momentarily.
• Positive developments like Polygon's aggregator program and airdrops for stakers were overshadowed by overall market conditions and cryptocurrency uncertainties impacting POL's price.
• The IMF's increased recession odds to 40% may have triggered a risk-averse investor sentiment, affecting prices of assets like POL.

15.04.2025 - POL Crypto was down 5.8%

• The bearish movement in POL today could be attributed to profit-taking by investors following a recent surge in its price.
• The news of a midnight airdrop targeting 37 million wallets may have created a sense of uncertainty or unease among traders, leading to selling pressure on POL.
• The shifting odds of a recession below 50% on Polymarket could have influenced crypto bettors to reallocate their investments, impacting the overall sentiment towards POL.
• The speculation around Polygon's price hitting $1 in 2025, although not directly related to POL, might have diverted attention and capital away from POL, contributing to its bearish movement.

21.04.2025 - POL Crypto was up 5.9%

• The bullish movement of POL today can be attributed to the positive sentiment in the overall cryptocurrency market, fueled by recent positive economic developments and reduced trade tensions.
• The increasing popularity and performance of Unstaked Gains AI compared to competitors like Polkadot and Polygon may have also influenced the rise of POL.
• A noteworthy airdrop by a prominent figure targeting a wide audience, excluding specific groups, likely generated excitement within the cryptocurrency community, contributing to the interest in projects like POL.
• In summary, the favorable market conditions, advancements in the crypto sector, and strategic actions by influential figures possibly influenced the positive movement of POL.

12.04.2025 - POL Crypto was down 6.4%

• The bearish movement of POL today could be attributed to the wider market sentiment influenced by the news of Binance suspending deposits and withdrawals for certain tokens ahead of the Ethereum upgrade, causing uncertainty among investors.
• The speculation around recession odds falling below 50% on Polymarket may have also played a role in the bearish trend as investors may have shifted their focus towards more stable assets.
• The news about Polygon's price volatility in the future might have added to the overall uncertainty in the crypto market, leading to a sell-off of tokens like POL.
• Despite NFL legend Tom Brady's endorsement of Bitcoin in the past, the market movement of POL today seems to have been more influenced by broader market factors rather than individual endorsements.

06.04.2025 - POL Crypto was down 5.0%

• The bearish movement of POL could be attributed to investors rotating into other tokens like Codename:Pepe, potentially leading to a sell-off of POL.
• The prediction of a surge in the price of MATIC might have attracted investors away from POL, causing a decrease in demand for the token.
• The debut of Tokenized Apollo Credit Fund in the DeFi space could have diverted attention and investment away from POL, impacting its price negatively.
• The rising tensions between nuclear-armed India and Pakistan, as indicated by Polymarket bettors, might have created an atmosphere of uncertainty in the cryptocurrency market, leading to a sell-off of assets like POL as investors seek safer havens.